Nebius Group

Nebius Group N.V. is a Dutch technology company headquartered in Amsterdam that focuses on infrastructure for artificial-intelligence developers and enterprises. Its principal business is the provision of cloud and computing infrastructure used to train, deploy, and operate machine-learning systems, including large language models. The group operates servers, data centers, and graphics-processing-unit clusters intended for workloads that require substantial computational capacity. Nebius Group emerged from the restructuring of Yandex N.V., the Dutch parent company of the Russian technology group Yandex. Yandex had originated as a search-engine business in 1997 and established its Dutch holding company in 2007. After Yandex N.V. sold its Russian assets in July 2024 to a consortium of Russian investors, the Dutch company retained a set of businesses operating outside Russia and adopted the Nebius Group name. The reorganization represented a major change in scope: rather than serving primarily as the international holding company for a Russian internet group, the renamed company positioned itself around artificial-intelligence infrastructure and related technology ventures. More than 1,000 former Yandex employees were associated with the post-restructuring organization. Arkady Volozh became chief executive officer. The company’s infrastructure footprint includes a data center in Mäntsälä, Finland, a GPU cluster at an Equinix facility in Paris, and additional capacity being developed in the United States. A GPU cluster in Kansas City, Missouri, was under construction, while a 300-megawatt data center in Vineland, New Jersey, was also being developed. These facilities support Nebius’s strategy of offering scalable computing resources to AI developers rather than operating solely as a consumer internet or search brand. Nebius Group also owns Avride, a company associated with autonomous-driving and delivery-robot technology, and TripleTen, an education technology business offering technology-focused training. It holds stakes in Toloka and ClickHouse, giving the group exposure to data-labeling, machine-learning support, and database infrastructure. These holdings complement the core infrastructure business while preserving links to several technology activities developed within or alongside the former Yandex ecosystem. In December 2024, Nebius raised $700 million from private investors, including Nvidia and Accel Partners. Nvidia’s participation was reported as giving it a 0.5 percent stake in Nebius. The financing was intended to support the company’s AI-infrastructure expansion. In February 2026, Nebius announced the acquisition of agentic-search company Tavily for approximately $400 million and plans for an AI factory in Birmingham, Alabama. In March 2026, Nvidia announced a planned $2 billion investment in Nebius. These developments indicate an effort to expand from GPU cloud capacity into a broader AI platform and application infrastructure ecosystem. The company’s international offices and infrastructure projects span Europe, Israel, and the United States, although the available reference material does not provide a complete current operating-market list or detailed revenue breakdown.

Nebius Group’s corporate history is rooted in Yandex, a technology business that began as a search engine in 1997. Yandex N.V. was incorporated in the Netherlands in 2007 as the group’s international parent company. In May 2011, Yandex completed an initial public offering on Nasdaq, raising approximately $1.3 billion. The company’s securities were suspended from Nasdaq trading in February 2022 amid international sanctions connected with Russia’s invasion of Ukraine. The decisive transition occurred in 2024. In July of that year, Yandex N.V. sold all of its Russian assets to a consortium of Russian investors. The Dutch company retained several businesses that operated outside Russia and subsequently changed its name to Nebius Group N.V. The reconstituted group was designed around AI infrastructure rather than the Russian search, advertising, and internet businesses associated with the former Yandex group. The transformation also involved more than 1,000 former Yandex employees and placed Arkady Volozh in the role of chief executive officer. After the restructuring, Nebius focused on building and operating computing infrastructure for AI developers. Its activities include cloud services, server operations, data-center development, and GPU clusters capable of supporting the training and deployment of large machine-learning models. The company’s known infrastructure includes a data center in Mäntsälä, Finland, a GPU cluster at an Equinix data center in Paris, and projects in the United States. A GPU cluster in Kansas City, Missouri, was under construction, as was a 300-megawatt data center in Vineland, New Jersey. Nebius’s portfolio is broader than its core infrastructure service. The group owns Avride and TripleTen and retains stakes in Toloka and ClickHouse. These businesses connect the company to autonomous mobility, technology education, machine-learning data services, and database software. The retained portfolio reflects the international technology assets that remained after the sale of the Russian operations. In December 2024, Nebius secured $700 million from private investors, including Nvidia and Accel Partners. Nvidia’s investment was reported to represent a 0.5 percent ownership stake. The financing supported the expansion of Nebius’s computing infrastructure and strengthened its position in the rapidly growing market for AI-oriented cloud capacity. Nebius also resumed Nasdaq trading in October 2024 under its new identity. The company continued to broaden its ambitions in 2026. In February, it announced the planned acquisition of Tavily, an agentic-search company, for approximately $400 million. During the same month, it announced plans for an AI factory in Birmingham, Alabama. On 11 March 2026, Nvidia announced that it would invest $2 billion in Nebius. Together, these moves point toward an increasingly integrated AI platform strategy combining infrastructure, search, data, software, and specialized technology businesses. The available source material does not establish a definitive long-term corporate structure, revenue profile, or complete list of current executives beyond the chief executive officer.

• 2026

  Tavily acquisition and Alabama AI-factory plan

  [1]Nebius Groupen.wikipedia.org

  Nebius announced a planned acquisition of Tavily and plans for an AI factory in Birmingham, Alabama.

• 2026

  Nvidia announces a $2 billion investment

  [1]Nebius Groupen.wikipedia.org

  Nvidia announced plans to invest $2 billion in Nebius.

• 2024

  Russian assets are sold and the group becomes Nebius

  [1]Nebius Groupen.wikipedia.org

  Yandex N.V. sold its Russian assets, changed its name to Nebius Group N.V., and adopted an AI-infrastructure-focused strategy.

• 2024

  Nebius raises $700 million

  [1]Nebius Groupen.wikipedia.org

  The company raised $700 million from private investors, including Nvidia and Accel Partners.

• 2024

  Nebius resumes Nasdaq trading

  [1]Nebius Groupen.wikipedia.org

  The renamed company resumed trading on Nasdaq in October.

• 2022

  Nasdaq trading is suspended

  [1]Nebius Groupen.wikipedia.org

  Trading in the company’s securities was suspended in February amid sanctions related to Russia’s invasion of Ukraine.

• 2011

  Yandex completes its Nasdaq IPO

  [1]Nebius Groupen.wikipedia.org

  Yandex raised approximately $1.3 billion in an initial public offering on Nasdaq.

• 2007

  Yandex N.V. is established in the Netherlands

  [1]Nebius Groupen.wikipedia.org

  Yandex N.V. was registered as the Dutch parent company of the broader Yandex technology group.

• 1997

  Yandex begins as a search engine

  [1]Nebius Groupen.wikipedia.org

  The predecessor business that ultimately led to Nebius Group originated as the Yandex search engine.

An international AI-infrastructure platform serving developers and enterprises that need high-performance computing, GPU capacity, and cloud services for machine-learning workloads.

• AI cloud and infrastructure · 2024

  Nebius AI infrastructure

  Nebius provides computing infrastructure for artificial-intelligence developers and enterprises. The service is intended to support model training, inference, and other machine-learning workloads through cloud resources, servers, and GPU capacity. Its infrastructure strategy relies on a combination of owned or operated data centers and colocated GPU clusters.

• Data-center infrastructure

  GPU clusters and data-center capacity

  The group’s infrastructure portfolio includes a data center in Mäntsälä, Finland, a GPU cluster in Paris, and additional projects in the United States. Reported development projects include a Kansas City GPU cluster and a 300-megawatt data center in Vineland, New Jersey. These assets are intended to expand high-performance capacity for AI workloads.

• Autonomous mobility technology

  Avride

  Avride is a Nebius-owned technology business associated with autonomous-driving and delivery-robot systems. It represents one of the group’s retained technology operations outside its central AI-cloud infrastructure business.

• Technology education

  TripleTen

  TripleTen is a Nebius-owned education technology business focused on technology-oriented training. It forms part of the group’s portfolio of international technology activities retained after the restructuring of Yandex N.V.

• Machine-learning data services

  Toloka

  Toloka is a technology business in which Nebius Group holds a stake. It is associated with data and machine-learning support activities, complementing the group’s broader AI ecosystem.

• Database software

  ClickHouse

  ClickHouse is a database technology company in which Nebius Group holds a stake. Its inclusion in the portfolio gives Nebius exposure to data infrastructure used in analytics and software applications.

• 2026

  Announce acquisition of TavilyM&A

  Background

  Nebius sought to broaden its AI portfolio beyond infrastructure and into agentic search technology.

  Action taken

  The company announced the planned acquisition of Tavily for approximately $400 million.

  Aftermath

  The transaction was presented as part of Nebius’s effort to build a broader AI platform, although the available material does not state its completion date or final terms.

  Announced acquisition value. Approximately $400 million (February 2026)

  Source

• 2026

  Plan an AI factory in Birmingham, AlabamaStrategy

  Background

  Nebius planned to increase its United States infrastructure presence and participate in the development of Birmingham’s technology and AI sector.

  Action taken

  The company announced plans to build an AI factory in Birmingham, Alabama.

  Aftermath

  The plan was intended to add AI capacity and support regional technology development; the available reference does not provide a construction timetable or operating specifications.

  Source

• 2026

  Secure planned Nvidia investmentOther

  Background

  Nebius and Nvidia had already established a capital relationship through Nvidia’s participation in the company’s 2024 financing.

  Action taken

  Nvidia announced that it would invest $2 billion in Nebius.

  Aftermath

  The planned investment would deepen Nvidia’s financial relationship with Nebius and support the AI-infrastructure provider’s expansion, subject to the applicable transaction terms.

  Planned investment. $2 billion (11 March 2026)

  Source

• 2024

  Refocus the company on AI infrastructureStrategy

  Background

  After the sale of Yandex N.V.’s Russian assets, the remaining international businesses required a new corporate identity and strategic direction.

  Action taken

  Yandex N.V. changed its name to Nebius Group N.V. and reorganized its activities around infrastructure for artificial intelligence.

  Aftermath

  The company resumed Nasdaq trading under the Nebius identity and expanded its data-center, GPU, and cloud-infrastructure plans.

  Source

• 2024

  Raise private financing for infrastructure expansionOther

  Background

  Nebius sought capital to develop AI-oriented computing capacity and strengthen its position in the cloud infrastructure market.

  Action taken

  The company raised $700 million from private investors, including Nvidia and Accel Partners.

  Aftermath

  The financing provided resources for the company’s international AI-infrastructure expansion and brought Nvidia into the shareholder base.

  Private financing. $700 million raised (December 2024)

  Source

1. 1Nebius Groupen.wikipedia.org